Adam Clayton settles case over (EU)193,000 related to sale of New York apartment
March 01, 2013
A HIGH Court dispute over the sale proceeds of a New York apartment bought by U2 bassist Adam Clayton's former personal assistant has been settled.
The apartment, at 300 Rector Place, New York, was bought by Carol Hawkins with Mr Clayton's money for $465,000.
Last July, Ms Hawkins of Crannagh Road, Dublin 14, was sentenced to seven years in prison for stealing €2.8m belonging to Mr Clayton's after she was convicted at Dublin Circuit Criminal Court on 181 counts of theft, committed over a four-year period.
The apartment was sold and a sum of approximately €190,000 was held in a bank account which was frozen by court order which prevented her dissipating certain assets pending the outcome of the criminal proceedings against her.
She is now appealing last year's conviction and sentence.
That €193,000 was held in a bank account held in the names of lawyers representing the different parties.
Ms Hawkins's lawyers claimed they were entitled to be paid legal fees, of more than €70,000, from the monies contained in the account. However, Mr Clayton argued he was entitled to be paid the full amount in the account.
Following talks last month, Eamon Marry BL, for Mr Clayton, asked the court for an adjournment and said the matter should not trouble the court further.
Mr Justice Paul Gilligan adjourned the case until today when Mr Marry said the case could be struck out with no order.
(c) Irish Independent, 2013.
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